Government-owned and -controlled corporations (GOCCs) have remitted a whopping PHP116.84 billion in dividends to the National Treasury as of September this year, the Department of Finance (DOF) reported Tuesday during the 2025 GOCCs’ Day rites in Malacañang.

The dividends came from 53 GOCCs, with 15 remitting at least PHP1 billion each.

The Land Bank of the Philippines led the list with PHP33.53 billion, followed by the Bangko Sentral ng Pilipinas (PHP18.91 billion) and the Philippine Amusement and Gaming Corporation (PHP12.68 billion).

Other top contributors include the Philippine Deposit Insurance Corporation (PHP10.13 billion), the Power Sector Assets and Liabilities Management Corporation (PHP8.95 billion), the Bases Conversion and Development Authority (PHP5.33 billion), and the Philippine Ports Authority (PHP5.20 billion).

President Ferdinand R. Marcos Jr., who led the GOCC Day ceremony, underscored how these contributions fuel social and economic programs.

“Behind these numbers are changed lives [and] reignited hopes,” Marcos said.

“They represent children learning in safer schools; patients receiving care in improved facilities; communities shielded from floods and disasters; and families given a fairer chance at a better life.”

In a media interview, Finance Secretary Ralph Recto said the yearend dividend remittance is projected to climb higher, with some PHP40 billion more expected to be remitted later this year.

“I expect another PHP40 billion by the end of the year. So, PHP117 (billion) plus PHP40 (billion) is what I expect by the end of the year,” he told reporters.

In 2024, the full-year remittance of GOCCs reached over PHP138 billion.

Under Republic Act 7656, or the Dividends Law, GOCCs must declare and remit at least 50 percent of their annual net earnings to the national government. (PNA)